Anthem Properties Group has launched a new Homeownership Accelerator Program designed to provide flexibility, support and remove barriers that prospective home buyers are facing in Metro Vancouver. The program applies to Anthem developments in North Vancouver, Coquitlam, Burnaby and Surrey, representing a diverse portfolio of both ready to move-in now and move-in later condos and townhomes, rental homes and below market rental homes with a unique rental equity offer, and rent-to-own homes.
“Our goal is simple: to offer every type of housing, for every type of buyer, across municipalities, at all price points. Whether you’re ready to move in now or later, a first-time buyer or a renter ready to start building equity or leverage the rental equity they’ve built to transition into a new home – we are meeting people where they are, working together to help them take their first steps towards homeownership. To motivate people to stop waiting and start owning,” said Anthem’s Vice President, Marketing, Dennis Kim.
Flexibility is at the heart of the program, with customized deposit structures, move in timelines and other creative solutions designed to remove the barriers standing in a buyer’s way.
“High down payment costs remain a significant barrier to homeownership, particularly for young people in Metro Vancouver,” said Chief Economist for the British Columbia Real Estate Association, Brendon Ogmundson. “Innovative, private sector-driven solutions like the Homeownership Accelerator Program can play an important role breaking down these barriers and sustaining the housing development cycle amid today’s economic uncertainties.”
Matched with lower interest rates, 30-year mortgage amortization and higher mortgage insurance caps to help manage payments, programs offering variety and flexibility like Anthem’s will give buyers the additional motivation needed to make their dream of homeownership a reality in a market primed for buyers.
“Buying a new home today presents a rare opportunity—buyers have more negotiating power, choice and flexible options in a market that’s shifted from sellers, and the cost of building is only expected to rise going forward, added Zonda’s Vice President of Product Development, Jon Bennest. “Acting now could allow buyers to lock in long-term value before prices of new homes in the future inevitably climb with construction, material, and development costs. Typically buying conditions like this come around once every eight to 10 years based on previous cycles.”
More details about the program, including links to available inventory in Metro Vancouver, can be found here: www.startwithAnthem.com
